Skip to: Content
Skip to: Site Navigation
Skip to: Search

May 13, 2008 7:35:30 PM CDT

Learn about Newser Points »

Back to the grid

Journal Staff Uneasy as Murdoch Era Rolls On  

Posted May 9, 08 10:59 AM CDT in Business    Editor's Choice

(newser) – Tensions are running high in the Wall Street Journal’s newsroom, the New Republic reports, as staffers wonder just where this Murdoch thing is going. Managing editor Marcus Brauchli’s resignation still hangs heavy in the air. Murdoch pushed Brauchli to resign, and paid him millions to sign a non-disclosure agreement. “We're a business newspaper, so we know a sell-out when we see one,” one angry staffer said.

With Brauchli gone, questions have intensified about Murdoch’s plan to turn the paper into a New York Times rival. Staffers worry they’ll lose their financial reporting edge or beloved first-page features. Big editor layoffs are rumored. As Murdoch met with the newsroom last week, “the only question people were really interested in is, 'What the f*** is going on?'” one staffer said.  

Source New Republic

open commentscomments (0)

Editor Recommended

Much ado at Murdoch's Journal
Business Spectator | Apr 23, 08

Journal's business coverage down 50% since takeover
Editor & Publisher | Apr 24, 08

How much does Murdoch really love print?
Fortune | May 8, 08

Related News

  • Murdoch Drops Newsday Bid

    May 10, 08 1:44 PM CDT
    Murdoch Drops Newsday Bid Rupert Murdoch has dropped his $580 million bid for Newsday. Cable operator Cablevision has offered $650 million for the Long Island daily, and Murdoch’s News Corp. said a higher bid would be “uneconomical.” The media tycoon’s dropout was unexpected, Reuters says, considering Murdoch recently told investors a deal was nearly done. A $580 million bid from Mortimer Zuckerman, owner of the rival Daily News, remains on the table. More »

  • MySpace Web's 'Biggest Steal'

    May 8, 08 3:22 PM CDT
    MySpace Web's 'Biggest Steal' MySpace fell short of revenue targets in the most recent quarter, but, Adam Ostrow argues in Mashable, it’s still proven a phenomenal deal since Rupert Murdoch’s News Corp. bought it for $580 million in 2005. Revenues from its unit are pulling close to its purchase price and it’s on track to make more with music downloads, sponsorships and targeted ads. More »

  • Murdoch's News Corp. Triples Profit

    May 7, 08 5:28 PM CDT
    Murdoch's News Corp. Triples Profit Rupert Murdoch's media conglomerate tripled its profit last quarter on improved results from its cable and broadcast networks and the sale of DirecTV, MarketWatch reports. News Corp. earned $2.7 billion, or 91 cents a share, up from $871 million, or 27 cents a share, in the same quarter last year. Revenue jumped 16% to $8.75 billion, exceeding analysts' estimates. More »

  • Cut the Charade: Let Rupert Have His Way With Journal

    May 1, 08 11:32 AM CDT
    Let’s stop kidding ourselves, Jack Shafer writes in Slate: Rupert Murdoch is seizing control of the Wall Street Journal, and we might as well be done with the “Special Committee” that was supposed to protect editorial independence. The Bancroft family insisted on the creation of the board, which then proved itself  "a set of high-paid flunkies" who sat on their hands as the paper’s top editor was forced out. More »

  • WSJ Oversight Panel Slams Editor's Ouster

    Apr 29, 08 5:53 PM CDT
    WSJ Oversight Panel Slams Editor's Ouster A committee formed to protect the editorial independence of the Wall Street Journal from Rupert Murdoch’s influence said today the solicited resignation of managing editor Macrus Brauchli violated an agreement with Murdoch's News Corporation, Reuters reports. The committee is supposed to review all high-level hirings and firings, but, as Brauchli opted to resign, it learned of his ouster only after the fact. More »

<em>Journal </em>Staff Uneasy as Murdoch Era Rolls On
Rupert Murdoch, Chairman and CEO of News Corp, addresses a crowded Wall Street Journal newsroom on Thursday, Dec. 13, 2007 in New York.   (AP Photo/Mark Lennihan)
<em>Journal </em>Staff Uneasy as Murdoch Era Rolls On
Copies of the Wall Street Journal are sorted at a printing press in London, in the early hours of Wednesday April 16, 2008.   (AP Photo/Matt Dunham)
prev   next
play

Threads (1 of 2)

Tags

Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • Marcus Brauchli


Loading...

Loading...

Related Threads: Dow Jones In Motion, Rupert Murdoch

Next story from this section »

Today's Most Popular

Loading...

Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »